Features of NCB Residential Mortgages
Whether you are buying your first property or buying a property primarily for investment, we can help you understand the process from start to finish.
Apply now and benefit from our competitive interest rates
Speak to one of our mortgage experts to help you get approved for your maximum loan amount
Your NHT benefit is usually offered at a lower interest rate than rates at financial institutions, applying this amount will allow you to lower your monthly mortgage cost.
Apply now and benefit from our competitive interest rates
Your NHT benefit is usually offered at a lower interest rate than rates at financial institutions, applying this amount will allow you to lower your monthly mortgage cost.
Your NHT interest rate is based on your income band. See the table below for the current applicable rates.
| Income Bands | Rates |
|---|---|
| Minimum wage to $30,000.99 | 0% |
| $30,0001 to $42,000.99 | 2% |
| $42,0001 to $100,000.99 | 4% |
| $100,001 and above | 5% |
*Please note that where contributors are co-applying, the applicable interest rate for the loan will be calculated using an average of all incomes of the applicants. A single interest rate will be applied to the total loan amount as a single loan and the names of all borrowers will appear on the title
In the event of death, life insurance is designed to pay the balance of your home loan to the Bank; this is required for a first time home buyer. Insure your loan through National Commercial Bank Insurance Company and bundle your premium and mortgage payments monthly.
Home Insurance protects your investment and is required for all mortgage loans. Ask your Mortgage Officer more about the home insurance.
About this product
The Home Equity loan allows you to use the value of your existing residential property as security for the amount you wish to borrow. This type of loan may be used for any legitimate purpose including debt consolidation, educational expenses, renovation or expansion. The property being used may be owned and occupied by you or it may be an investment property.
What you should know
How much can you borrow and for how long?
What do you need?
A land surveyor helps confirm the boundaries, size, and physical details of the property you plan to purchase. This step is important for identifying any issues that may affect ownership, development plans, or the mortgage process.
A valuator provides an independent assessment of the property’s market value, which helps determine the loan amount you may qualify for. This report is a key part of the mortgage application and approval process.
Need guidance on the mortgage process or the documents required? Speak with one of our mortgage specialists for support as you prepare your application and take the next step toward home ownership.
About this product
NCB Mortgage Switch facility offers you the flexibility of refinancing your mortgage at another financial institution for your primary residence or investment property. Switching your mortgage will potentially lower your monthly payment or benefit from consolidating existing loans and doing that renovation you’ve been planning.
How much can you borrow and for how long?
Do you know your credit history?
A land surveyor helps confirm the boundaries, size, and physical details of the property you plan to purchase. This step is important for identifying any issues that may affect ownership, development plans, or the mortgage process.
A valuator provides an independent assessment of the property’s market value, which helps determine the loan amount you may qualify for. This report is a key part of the mortgage application and approval process.
Need guidance on the mortgage process or the documents required? Speak with one of our mortgage specialists for support as you prepare your application and take the next step toward home ownership.
